Toshiba Wins Turbines Order for Kenyan Geothermal Complex

Toshiba Corp. (6502), the Japanese maker of electronic products, won an order to supply four sets of 70- megawatt steam turbines and generators to a geothermal project in Kenya.

Kenya Electricity Generating Co. awarded a contract to build the Olkaria I and IV plants to a group comprising Japan’s Toyota Tsusho Corp. (8015) and South Korea’s Hyundai Engineering Co., Toshiba said today in a statement. Hyundai Engineering selected Toshiba to supply the turbines for the plant, Toshiba said.

Toyota Tsusho said in a separate statement that the contract it won with Hyundai Engineering is valued at 30 billion yen ($384 million).

Located in the Rift Valley 100 kilometers (62 miles) northwest of Nairobi, Kenya’s capital, the Olkaria I extension and Olkaria IV will have a combined output of 280 megawatts, the largest of any power generation complex in Kenya, Toshiba said. The plants are expected to be completed by April 2014.

The Olkaria I extension is funded by a yen-denominated loan from the Japan International Cooperation Agency, according to the statement.

To contact the reporters on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net.

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.

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